Garware Technical FibresNSE:GARFIBRES +1.16%87 Interest Coverage is 27.92 as of Mar. 2026, which is 45% above its 10-year median of 19.26. GuruFocus rates NSE:GARFIBRES with a GF Score™ of 87/100 and a GF Value™ of ₹826.35 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 739 Manufacturing - Apparel & Accessories companies, Garware Technical Fibres ranks better than 71.99% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Garware Technical Fibres's
Operating Income
for the
three
months ended in Mar. 2026 was ₹872 Mil. Garware Technical Fibres's Interest Expense for the
three
months ended in Mar. 2026 was ₹-31 Mil.
Garware Technical Fibres's interest coverage for the quarter that ended in Mar. 2026 was 27.92.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Garware Technical Fibres's Interest Coverage or its related term are showing as below:
NSE:GARFIBRES'
s Interest Coverage Range Over the Past 10 Years
Min: 14.5 Med: 19.26 Max: 30.17
Current: 18.38
NSE:GARFIBRES's Interest Coverage is ranked better than 71.99% of 739
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.43
vs NSE:GARFIBRES: 18.38
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Garware Technical Fibres Interest Coverage Related Terms
Garware Technical Fibres Interest Coverage Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Textile Manufacturing subindustry, Garware Technical Fibres's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Garware Technical Fibres Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garware Technical Fibres's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Garware Technical Fibres's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garware Technical Fibres (NSE:GARFIBRES) has a Interest Coverage of 27.92 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Garware Technical Fibres and its competitors. This is 45% above median its historical median of 19.26. Over the past decade, Garware Technical Fibres' Interest Coverage has ranged from 14.50 to 30.17. According to the industry distribution chart, Garware Technical Fibres ranks #207 out of 739 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 28%.
Is Garware Technical Fibres' Interest Coverage too high?
Garware Technical Fibres' current Interest Coverage of 27.92 is 45% above median its 10-year median of 19.26. Over the past 10 years, this metric has ranged from a low of 14.50 to a high of 30.17. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.43. Garware Technical Fibres' value of 27.92 is 414.2% above this industry median. Based on the distribution chart, Garware Technical Fibres ranks #207 out of 739 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Garware Technical Fibres has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Technical Fibres' Interest Coverage compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Garware Technical Fibres ranks #207 out of 739 companies for Interest Coverage. This puts Garware Technical Fibres in the upper half of its industry. The industry median Interest Coverage is 5.43. Garware Technical Fibres' value of 27.92 is 414.2% above this benchmark. Historically, Garware Technical Fibres' own Interest Coverage has ranged from 14.50 to 30.17 over the past decade. While the company's 10-year median is 19.26 vs. the industry median of 5.43, Garware Technical Fibres has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.43, based on 739 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garware Technical Fibres's current Interest Coverage of 27.92 is 414.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Garware Technical Fibres and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Technical Fibres's current Interest Coverage is 27.92, which is 45% above median its own 10-year median of 19.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Technical Fibres stock overvalued right now?
Based on GuruFocus' analysis, Garware Technical Fibres (NSE:GARFIBRES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹826.35, compared to a current price of ₹731.05 — trading 11.5% below its estimated fair value. The current Interest Coverage is 27.92, which is 45% above median its 10-year median of 19.26 and 414.2% above the Manufacturing - Apparel & Accessories industry median of 5.43. Garware Technical Fibres' overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Garware Technical Fibres (NSE:GARFIBRES), the current Interest Coverage is 27.92 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garware Technical Fibres (NSE:GARFIBRES) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Technical Fibres stock appears to be undervalued.
The current stock price of ₹731.05 is trading 11.5% below its estimated GF Value™ of ₹826.35.
GuruFocus considers Garware Technical Fibres to be Modestly Undervalued.
Key valuation signals for NSE:GARFIBRES:
Interest Coverage: 27.92 (45% above median its 10-year median of 19.26)
GF Value™: ₹826.35 vs. price of ₹731.05 (11.5% below fair value)
Industry Position: 414.2% above the Manufacturing - Apparel & Accessories median (#207 of 739)
No single metric tells the full story. See the NSE:GARFIBRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Technical Fibres Ltd is involved in the textile business. It provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. The company and its subsidiaries manufacture and sell various products such as ropes, twine, yarn, fishnet, other nets, and technical textiles. Its operating segments are; Synthetic Cordage, and Fibre and Industrial Products and Projects. The maximum revenue is derived from its Synthetic Cordage segment. Geographically, the company caters to both domestic and international markets of which, maximum revenue is generated from international markets through its customers located outside India.
87GF Score
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